TaxSavvyAE

UBO filing at licence renewal

Is UBO filing part of licence renewal?

The situation

Many registrars check or request the UBO declaration at renewal. Keeping it current avoids renewal holds.

The law

  • Cabinet Resolution 109 of 2023: Registrar holds UBO data

What it means for you

Example: a SAIF Zone or Ajman Free Zone company may be asked to confirm or file its UBO declaration as part of the renewal process. Check your zone's portal before the renewal month.

What to do

  1. Check your registrar's renewal checklist.
  2. Confirm UBO data is current.
  3. File any update.
  4. Proceed with renewal.

We can do this for youBeneficial owner (UBO) register: identifying owners, filing with the registrar and updating changes: AED 750

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